A European Bank Focused on Cross-Border Payments has Intro’d Dollar-Pegged Stablecoin 07/25/2022 07:52 pm LUXEMBOURG—A European bank focused on cross-border payments is adopting a major U.S. dollar-pegged stablecoin for payment rails.
SC Bill Seeks to Tow Away Some Bad Practices 07/25/2022 07:53 pm COLUMBIA, S.C.—A bill that seeks to address bad actors in the towing industry and that would affect credit unions as lienholders has been signed into law in South Carolina.
T-Mobile to Pay $500 Million Over Data Breach 07/25/2022 07:53 pm BELLEVUE, Wash.–T-Mobile has agreed to pay $500 million to settle a class action lawsuit related to sensitive customer data breaches as part of a cyberattack.
Money Laundering Via DeFi Soared in First Half of Year 07/25/2022 07:52 pm NEW YORK—A new analysis of decentralized finance (DeFi) reveals money laundering in the sector has grown by 263% in the first two quarters of 2022.
How Receptive are Members to a Monthly Fee? 07/25/2022 09:26 pm MADISON, Wis.—Companies across all industries are offering subscription-based services, even Taco Bell, notes the Filene Research Institute, which has data suggesting such a model will work well for credit unions.
Origence Reports 'Record' $39.5B in Q2 Loans Funded 07/25/2022 09:15 pm IRVINE, Calif.-- Origence, a CU Direct brand, is reporting it delivered a “record amount” in credit union loans through its lending platforms in the second quarter of 2022.
Hanscom Federal Credit Union Promotes Asimakopulos to Vice President, Product Management 07/26/2022 11:50 am LITTLETON, Mass.– Hanscom Federal Credit Union has promoted Heather Asimakopulos to Vice President, Product Management.
First Entertainment Participates in Cine Gear Expo 07/26/2022 02:04 pm LOS ANGELES–First Entertainment Credit Union participated in Cine Gear Expo LA 2022, a technology exhibition designed for artists and technicians to discover the latest in state-of-the-art media technology, software, and equipment.
PenFed Employees Support Mobile Hope 07/26/2022 10:04 am TYSONS, Va.–Employees of PenFed Credit Union donated 706 clothing and hygiene items to Mobile Hope, an emergency youth shelter.
